Digital assets are about to become a routine part of everyday life in Russia as lawmakers move forward with legislation to remove them from special financial regulations, a top Russian official said.
Anatoly Aksakov, chairman of the State Duma’s Financial Markets Committee, says a bill has already been drafted to exclude cryptocurrencies from the country’s existing special regulatory framework.
The move is aimed at normalizing the use of digital currencies among Russian citizens, state media TASS reported.
Says Aksakov,
“A bill has already been drafted that will exempt cryptocurrencies from special financial regulations, meaning they will become a common feature of our lives.”
Aksakov adds that lawmakers plan to pay close attention to cryptocurrencies and other digital financial assets during the upcoming spring session of the State Duma.
He says the development of digital financial assets will be a legislative priority alongside broader discussions about the use of cryptocurrencies.
The comments highlight a growing rift between lawmakers and Russia’s central bank.
The Central Bank of Russia has previously warned that granting access to cryptocurrencies to unqualified investors would be a drastic step, the report said.
Russia has taken a cautious but evolving approach to digital assets in recent years, allowing limited use cases while maintaining strict controls.
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